What are the major problems facing the Tesla Motors executive team?

  

Case Analysis: Tesla Motors: Disrupting the Auto IndustryRead the case, Tesla Motors: Disrupting the Auto Industry on page 576-588 use the case analysis format provided below to address to identify the problems and provide several suggested solutions that the Tesla Motors executive team can review for possible implementation. Be sure to identify “identify 2 to 3 problems” and “develop 2 to 3 possible solutions to the problems identified”, and use this as the focus for making your case in the case format. Note: The case questions provided at the end of each case can be used as an insight to what the problems might be; so be sure to investigate the case carefully.Case FormatI. Write the Executive SummaryOne to two paragraphs in lengthOn cover page of the reportBriefly identify the major problems facing the manager/key personSummarize the recommended plan of action and include a brief justification of the recommended planII. Statement of the ProblemState the problems facing the manager/key personIdentify and link the symptoms and root causes of the problemsDifferentiate short term from long term problemsConclude with the decision facing the manager/key personIII. Causes of the ProblemProvide a detailed analysis of the problems; identify in the Statement of the ProblemIn the analysis, apply theories and models from the text and/or readingsSupport conclusions and /or assumptions with specific references to the case and/or the readingsIV. Decision Criteria and Alternative SolutionsIdentify criteria against which you evaluate alternative solutions (i.e. time for implementation, tangible costs, acceptability to management)Include two or three possible alternative solutionsEvaluate the pros and cons of each alternative against the criteria listedSuggest additional pros/cons if appropriateV. Recommended Solution, Implementation and JustificationIdentify who, what, when, and how in your recommended plan of actionSolution and implementation should address the problems and causes identified in the previous sectionThe recommended plan should include a contingency plan(s) to back up the ideal course of actionUsing models and theories, identify why you chose the recommended plan of action why its the best and why it would workVI. External Sourcing2 to 3 external sources (in addition to your textbook) should be referenced to back up your recommendations or to identify issues. This information would be ideally sourced in current journals, magazines and newspapers and should reflect current management thought or practice with respect to the issues Identify.The requirements below must be met for your paper to be accepted and graded:Write between 750 1,250 words (approximately 3 5 pages) using Microsoft Word in APA style, see example below.Use font size 12 and 1 margins.Include cover page and reference page.At least 80% of your paper must be original content/writing.No more than 20% of your content/information may come from references.Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing. A detailed explanation of how to cite a source using APA can be found here (link).

Introduction:

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Tesla Motors, a company founded in July 2003, has disrupted the auto industry by providing electric vehicles as an alternative to conventional gasoline-powered cars. Despite initial skepticism, the company has managed to grow in size and profitability by offering luxury electric cars with high performance. However, in order to maintain its position as a market leader, Tesla must identify and address the problems that undermine its growth and sustainability.

Description:

The case analysis of Tesla Motors aims to identify the issues and challenges facing the company’s leadership and offer possible solutions to address them. The case study provides background information on Tesla Motors and the auto industry, and the challenges facing the company’s leadership. The case analysis format is used to identify two to three problems affecting Tesla and develop possible solutions that the executive team can explore for implementation. Through the case analysis, we will critically examine Tesla’s current practices and explore ways in which the company can improve its operations to remain competitive in the auto industry.

The case analysis will begin with an executive summary that summarises the major issues facing Tesla and the recommended course of action. This will be followed by a statement of the problem, identifying the symptoms and root causes of the problems. The causes of the problems will be analysed in detail, applying the relevant theories and models from the text and/or readings. The decision criteria and alternative solutions will be presented, and the pros and cons of each alternative will be evaluated against the identified criteria. We will then recommend a solution, provide an implementation plan, and justify our decision accordingly. Finally, we will reference three external sources to back up our recommendations or to identify issues.

Through the case analysis, we hope to offer insight into the challenges that Tesla Motors faces in the auto industry and the possible solutions that the company can explore to maintain its position as a market leader in the electric vehicle market.

Objectives:
– To analyze and identify the major problems facing the Tesla Motors executive team.
– To develop and evaluate possible solutions to the problems identified.
– To provide justification and implementation plans for the recommended solution.

Learning Outcomes:
– Students will be able to analyze and evaluate case studies using a structured case analysis format.
– Students will be able to identify and link symptoms and root causes of problems impacting organizations.
– Students will be able to apply theories and models from the course readings to develop and recommend solutions to organizational problems.
– Students will be able to identify external sources to support and justify their recommended solutions.

Heading 1: Executive Summary
– Students will be able to identify and summarize the major problems facing the Tesla Motors executive team.
– Students will be able to develop a brief plan of action and provide justification for the recommended solution.

Heading 2: Statement of the Problem
– Students will be able to articulate the problems facing the Tesla Motors executive team.
– Students will be able to differentiate short-term and long-term problems and link symptoms to root causes.
– Students will be able to address the main decision facing the Tesla Motors executive team.

Heading 3: Causes of the Problem
– Students will be able to analyze the problems facing Tesla Motors using theories and models from the course readings.
– Students will be able to support their conclusions and assumptions with specific references to the case and/or the readings.

Heading 4: Decision Criteria and Alternative Solutions
– Students will be able to identify and evaluate criteria for alternative solutions to the problems facing Tesla Motors.
– Students will be able to develop and evaluate possible alternative solutions.
– Students will be able to weigh the pros and cons of each alternative against the criteria listed.

Heading 5: Recommended Solution, Implementation and Justification
– Students will be able to develop a recommended plan of action for the Tesla Motors executive team.
– Students will be able to identify who, what, when, and how in their recommended plan of action.
– Students will be able to provide justification for why their recommended plan of action is the best and why it would work.
– Students will be able to include a contingency plan(s) to back up the ideal course of action.

Heading 6: External Sourcing
– Students will be able to identify external sources to support and justify their recommended solutions.
– Students will be able to source current journals, magazines, and newspapers to reflect current management thought or practice with respect to the issues identified in the case.

Solution 1:

Statement of the Problem:
Tesla Motors is facing several problems that include slow sales growth, increased competition, and production challenges. The company is also struggling to meet the demand for its electric vehicles due to battery production and supply chain issues. These factors are impacting the company’s profitability and competitive advantage.

Possible Solutions:
1. Expand production capability: Tesla should focus on increasing its production capability to meet the demand for electric vehicles. The company should invest in expanding its manufacturing facilities to improve efficiency while reducing costs.
2. Diversify its product line: Tesla should consider expanding its product line to include affordable electric vehicles that cater to a wider range of customers. This will help the company to compete better with other automakers in the market.

Recommended Solution, Implementation, and Justification:
The recommended solution is to expand production capability by investing in more manufacturing facilities. This will help Tesla to increase productivity, meet the demand for electric vehicles, and improve efficiency to reduce costs. The implementation plan should include the collaboration of suppliers and partners to enhance the supply chain process.

Solution 2:

Statement of the Problem:
Tesla’s position in the auto industry is being threatened by increased competition resulting from rivals introducing electric vehicles. This is causing a decline in market share and challenges in maintaining profitability for the company.

Possible Solutions:
1. Marketing & Branding Strategy – Tesla should focus on strengthening its marketing & branding strategy to create more awareness of the unique value the company offers. This can be done through investments in sponsorships and events that target the new demographic.
2. Expansion of Production – Tesla should consider expanding its production capacity by partnering with another automotive factory that shares the same ethos of environmental responsibility. This will help Tesla to increase sales and meet the demand for its electric vehicles.

Recommended Solution, Implementation, and Justification:
The recommended solution is to implement an aggressive marketing and branding strategy by sponsoring high-profile events. This will help the company raise awareness of the unique value it offers and increase sales. The implementation plan should include developing concepts and positioning strategies that communicate the value of both Tesla and its electric vehicles to potential buyers. Tesla should also expand its production capacity by partnering with more automotive factories to increase sales and meet the demand for its products.

Suggested Resources/Books:
1. “Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future” by Ashlee Vance
2. “The Lean Startup” by Eric Ries
3. “Blue Ocean Strategy” by W. Chan Kim and Renee Mauborgne
4. “Disruptive Innovation: The Christensen Collection” by Clayton M. Christensen
5. “The Tesla Revolution: Why Big Oil is Losing the Energy War and What It Means for the Future of the World” by Rembrandt Koppelaar and Hans van der Loo

Similar Asked Questions:
1. How did Tesla Motors disrupt the auto industry?
2. What are some of the biggest challenges facing Tesla as a company?
3. How has Tesla’s business strategy evolved over time?
4. What role does innovation play in Tesla’s success?
5. How has the competition responded to Tesla’s success in the market?

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